Coining it: all you need to know about bitcoin

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Which of these definitions most closely describes blockchain?

  2. What feature makes blockchain particularly robust/secure?

  3. What is a digital wallet?

  4. What might a central bank need before backing digital currency?

  5. What is one of the main difficulties with an unregulated currency?

  6. What might be a benefit to crypto-currency for international businesses?

  7. Why do people think bitcoin and blockchain is more trustworthy than traditional currencies and contracts?

  8. Why might bitcoin be risky?

  9. Why might cryptocurrencies pose a risk to banks and lawyers?

  10. Why might blockchain be difficult to regulate?